What Is the Average Cost of Car Insurance in Texas?

April 26, 2022
3 min read

Car insurance in Texas can be expensive, generally close to $1,800 dollars a year. That’s more than 25% more than the U.S. average, but auto insurance can be affected more than just by state lines. Factors including age, gender, marital status, credit score, driving violations, and coverage level can adjust premiums up or down.

In this article, we will look at those factors and see how prices elsewhere compare to providing coverage and the average cost of care insurance in Texas.

Care Insurance Rate Factors

Age

Your car insurance rates generally decrease as you get older. Typically, car insurance is more costly as a young driver, as insurance companies see teen drivers as more of a risk or less responsible. In Texas, the average cost for auto insurance for a teen driver is around $7,300 per year, compared to $1,500 per year for a driver between the ages of 50-59. Texas is the 37th cheapest when it comes to first year drivers. Just something to keep in mind. 

Gender

Gender doesn’t have a significant impact on your car insurance as say location or age would.  Generally, it is used as a rating factor by auto insurers and price does not vary too far one way or the other.

Marriage

Marriage can definitely be a benefit when it comes to saving on your policy. On average, married Texans can save close to $200 a year on their coverage. This rate is actually higher than the national average, which is right around $75 per year. On the flip side, Texas is the sixth most expensive state in the United States for those who are single.

Credit

Credit can be a big factor in terms of saving money on your car insurance. Data trends show us that the higher your credit score, the more insurable the individual. In Texas, the average driver who carries an exceptional credit score (800 or higher) can save nearly $1,700. Finding insurance coverage with a bad credit history can be an tough task, but shopping around can help alleviate some of that stress.

Driving Record

Keeping a clean driving record is the simplest way to keep the average cost of your car insurance down in texas. If you are found to be at fault in an accident or charged with a driving offense, insurance rates are sure to rise. The more this happens, the more expensive your insurance coverage gets. For instance, if you are convicted of a DUI in Texas, your rates can rise by as much as $700, and a traffic accident could bring an increase of close to $1,000.

Coverage Selection

Finally, how much you are going to pay in car insurance depends on the type of coverage you decide to put on your vehicle. Liability coverage is usually less expensive but also required. Your premiums can get pricey when you add in comprehensive and collision coverage.

How LOOP Can Help

If you are looking for the best insurance coverage in Texas, LOOP is for you. We are committed to making insurance purchases as easy as possible. LOOP provides coverage for all of Texas from Austin to Dallas and San Antonio. Get a quote today!

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